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R

Rai Way SpA RWAY.MI · EUR

Communication Services · Borsa Italiana · 🇮🇹 Italy

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4.17

-0.95%

Close of 9 Nov 2026, in EUR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€282.8m

FY2016FY2025

Net income

€88.7m

FY2016FY2025

Free cash flow

€94.3m

FY2016FY2025

Shareholders' equity

€192.0m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€282.8m€276.1m€271.9m€245.4m€229.9m€224.5m€221.4m€217.7m€216.2m€215.2m
Operating income€130.2m€131.9m€125.8m€103.8m€91.1m€89.4m€90.1m€83.8m€81.4m€65.6m
Net income€88.7m€89.9m€86.7m€73.7m€65.4m€64.0m€63.4m€59.7m€56.3m€41.8m
Diluted earnings per share0.330.330.320.270.240.240.230.220.210.15

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€464.8m€462.0m€470.3m€442.6m€388.0m€326.6m€343.3m€294.0m€336.7m€366.9m
Cash and short-term investments€9.3m€13.5m€34.4m€35.2m€17.2m€4.1m€30.2m€17.2m€55.9m€81.3m
Total liabilities€272.8m€269.6m€281.6m€266.4m€222.1m€161.8m€159.1m€113.2m€160.3m€205.4m
Debt€17.4m€141.1m€139.2m€141.7m€105.7m€50.8m€40.0m€685,300€60.5m€90.6m
Shareholders' equity€192.0m€192.5m€188.7m€176.2m€165.9m€164.8m€184.2m€180.8m€176.4m€161.5m
Shares outstanding269m269m268m268m268m268m272m272m272m272m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€145.7m€132.3m€144.3m€137.0m€117.4m€116.0m€111.5m€105.0m€70.6m€92.2m
Capital spending−€51.4m−€50.1m−€57.4m−€75.6m−€84.0m−€60.1m−€35.3m−€27.0m−€16.3m−€19.5m
Free cash flow€94.3m€82.2m€86.9m€61.4m€33.4m€55.9m€76.1m€78.0m€54.4m€72.7m
Dividends paid−€89.7m−€86.5m−€73.8m−€65.2m−€64.0m−€63.3m−€59.7m−€55.1m−€41.8m−€39.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue€72.2m€72.0m€71.6m€70.9m€70.3m€70.0m€69.6m€68.9m
Operating income€33.1m€31.8m€26.8m€34.4m€35.9m€33.1m€28.1m€35.1m
Net income€22.5m€21.6m€18.0m€23.4m€24.7m€22.6m€19.4m€23.4m
Diluted earnings per share0.080.080.070.090.090.080.070.09
Cash from operations€45.0m€31.0m€145.0m€87.0m€62.0m€24.0m€54.0m€11.0m
Capital spending−€8.0m−€3.0m−€51.0m−€25.0m−€16.0m−€3.0m−€25.0m−€9.0m
Free cash flow€37.0m€28.0m€94.0m€62.0m€46.0m€21.0m€29.0m€2.0m
Total assets€459.7m€481.0m€464.8m€453.8m€457.4m€485.7m€462.0m€454.2m
Cash and short-term investments——€9.3m€4.1m€10.5m€27.5m€13.5m€16.6m
Debt——€17.4m€121.8m€126.5m€122.6m€118.1m€115.5m
Shareholders' equity€147.5m€213.8m€192.0m€173.9m€150.2m€215.1m€192.5m€173.2m

Financial ratios

Data as of 2 Nov 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin45.1%47.8%46.6%42.2%39.9%39.8%
Net margin31.3%32.6%31.9%30.0%28.4%28.5%
Return on equity46.1%46.7%46.0%41.8%39.4%38.8%
Return on assets19.1%19.5%18.4%16.6%16.8%19.6%
Free cash flow yield15.6%15.4%18.0%18.7%17.7%15.5%
Revenue growth2.4%1.5%10.8%6.7%2.4%1.4%
Earnings growth-1.4%3.7%17.7%12.7%2.1%1.0%
Current ratio0.38x0.74x0.81x0.51x0.89x0.78x
Debt to equity0.67x0.73x0.64x0.68x0.51x0.16x
Equity ratio41.3%41.7%40.1%39.8%42.8%50.5%
Interest coverage22.36x20.00x23.78x56.83x84.76x98.70x
Buybacks as a share of market value0.1%-0.0%0.0%0.0%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue4.8%4.7%2.9%
Operating income7.8%7.8%7.7%
Net income6.4%6.7%8.6%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin46.9%45.7%43.9%40.4%
Net margin32.0%31.5%30.6%27.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings16.916.415.819.721.422.926.319.724.523.3
Price to sales5.35.35.05.96.16.57.55.46.44.5

Dividends and splits

Per share, in the currency the company pays

Paid for 11 years. Last went ex-dividend on 18 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.330.3340.3220.2750.2440.2390.2330.22

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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